Guyana News

 The latest Guyana news from Stabroek News including oil and gas coverage, crime, politics, culture, business and more.

Exxon projects 500,000 barrels per day production

ExxonMobil Corporation announced today its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well and is projecting production of 500,000 barrels oil per day when all phases are in operation.

A map of the Stabroek Block showing confirmed discoveries as of the fourth quarter of 2017. Pacora where the most recent discovery is located is marked as one of six potential 2018-2019 opportunities.
A map of the Stabroek Block showing confirmed discoveries as of the fourth quarter of 2017. Pacora where the most recent discovery is located is marked as one of six potential 2018-2019 opportunities.

Another major oil find

Minister of Natural Resources Raphael Trotman yesterday announced another major oil find by ExxonMobil as well as the government’s decision to establish a Department of Energy which would take responsibility for the petroleum sector.

GDF to brief Parliament committee on border security

Yesterday, President David Granger, ahead of his visit to Baramita, Barima-Waini today, announced that he has instructed the Guyana Defence Force (GDF) to brief the Parliamentary committee on security on the steps that are being taken to secure communities located along the 800-kilometre border with Venezuela as a result of the unstable situation in that country, as well as the ongoing border controversy.

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